any periodic fee applicable to it calculated in accordance with FEES 4.3.3A R using information relating to its UK business obtained in accordance with FEES 4.4 (or by other means in the case of the Bank of England); less7

work out whether an A.0, or 17, CC.0 minimum fee is payable under Part 2 of FEES 4 Annex 2AR17and if so how much (except that that minimum fee is not payable again by a firm whose permission is extended if the fee was already payable before the extension)23;9

for payment by direct debit, successful collection of the amount due is made at the first attempt by the FCA (in its own capacity and, if applicable, in its capacity as collection 17agent for the PRA)22; or

Similarly a firm which extends its permission or its right to provide particular payment services7so that its business then falls within additional fee blocks will be required to pay a further periodic fee under this section for those additional fee blocks, but discounted to reflect the proportion of the year for which the firm has the extended permission or payment services activity 7- see FEES 4.2.6 R and FEES 4.2.7 R.

If the payment made does not satisfy in full the periodic fees payable by all of the members of the group notified to the FCA22 under FEES 4.3.7 R, the FCA (in its own capacity and, if applicable, in its capacity as collection 17agent for the PRA)22 will apply the sum received among the firms which have been identified in the notification given under FEES 4.3.7R (1) in proportion to the amounts due from them. Each firm will remain responsible for the payment of the outstanding balance attributable to it.

If a firm pays its fees through an agent outside the scope of FEES 4.3.7 R, the firm is responsible for ensuring that the FCA (in its own capacity and, if applicable, in its capacity as collection 17agent for the PRA)22 is informed that the sum being paid is for that firm's periodic fees.

But (1) does not apply if, due to the continuing nature of the business, the variation, cancellation, de-listing or removal1 is not to take effect on or before 30 June of the fee year to which the fee relates23.

Firms acquiring businesses from other firms

acquires all or a part of the business of another firm (B), whether by merger, acquisition of goodwill or otherwise; and

(B)

would be required to pay a periodic fee in the fee year in which the acquisition takes place; or

(ii)

becomes authorised or registered as a result of another firm’s (B) simple change of legal status (as defined in FEES 3 Annex 1R Part 6); and

(b)

had that acquisition or simple change of legal status (or any associated cancellation) not taken place, a periodic fee would have been payable by B in that same fee year.

(2)

If, before the date of acquisition or simple change of legal status, B had paid any periodic fee that would have become payable by it in that fee year, FEES 4.2.1R and FEES 4.2.7ER to FEES 4.2.7KR will not apply to A in relation to the business of B.

(3)

(a)

If, before the date of acquisition or simple change of legal status, B had not paid any periodic fee that would have become payable by it in that fee year, FEES 4.2.1R and FEES 4.2.7ER to FEES 4.2.7KR will apply to A in relation to the business of B.

(b)

Periodic fees that would have become payable in that fee year include those which may have been dis-applied under FEES 4.3.13R.

(4)

Regardless of A’s valuation date:

(a)

if the acquisition or simple change of legal status takes place before B’s valuation date, then A must report the tariff data for, and pay fees or levies on, the transferred business up to the date of the transfer; and

(b)

if the acquisition or simple change of legal status takes place after B’s valuation date and B has not paid the relevant fees or levies, then the data should be reported and fees be paid by A as if the transfer had taken place immediately before the valuation (if B continues to be authorised, it should strip the transferred business out of its report).